4. A year 12 student wishes to study at a Welsh university. For a randomly chosen year between 2000 and 2017 she collected data for seven universities in Wales from the Complete University Guide website. The data are for the variables:
- 'Entry standards' - the average UCAS tariff score of new undergraduate students;
- 'Student satisfaction' - a measure of student views of the teaching quality at the university taken from the National Student Survey (maximum 5);
- 'Graduate prospects' - a measure of the employability of a university's first degree graduates (maximum 100);
- 'Research quality' - a measure of the quality of the research undertaken in the university (maximum 4).
- Pearson's product-moment correlation coefficients, for each pairing of the four variables, are shown in the table below.
Discuss the correlation between graduate prospects and the other three variables.
| Variable | Entry standards | Student satisfaction | Graduate prospects | Research quality |
| Entry standards | 1 | | | |
| Student satisfaction | -0.030 | 1 | | |
| Graduate prospects | 0.772 | 0.236 | 1 | |
| Research quality | 0.866 | 0.066 | 0.827 | 1 |
Calculate the equation of the least squares regression line to predict 'Entry standards'( \(y )\) from 'Research quality'( \(x\) ), given the summary statistics:
$$\sum x = 22.24 , \sum y = 2522 , S _ { x x } = 1.0542 , S _ { y y } = 20193.5 , S _ { x y } = 122.72 .$$The data for one of the Welsh universities are missing. This university has a research quality of 3.00 . Use your equation to predict the entry standard for this university.